Bitcoin Trend / 12-07-2017

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Expected trading for the res of day is between 2000.00 support and 2400.00 resistance. 

As I wrote yesterday, breaking 2263.70 will put the price under negative pressure to test 2105.60. BTC did not breach 2391.50 barrier, to trade negatively around the critical support 2263.70 now. Breaking this level will push the price to suffer losses on the short term basis, targeting 1850.00 areas initially.

More decline is expected supported by the negative pressure formed by the EMA50, taking into consideration that breaching 2391.50 is considered as the first positive key to push the price to attempt to regain the main bullish trend again.

Expected trading
for today is between 2000.00 support and 2400.00 resistance.
Expected trend for today: Bearish.

Source    

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Samer